WTI Oil Trades Close to Highest in a Week as US Crude Stocks Increase
Oil – Bloomberg reported that West Texas Intermediate traded close to the highest level in a week as US stockpiles increased to 389 million bpd, its highest since July 1990.
Articles Tagged "wti"
Oil Posts Biggest Gain in Months on Weak Dollar
Oil – Reuters reported that Brent crude oil futures posted their biggest gain since December as the US dollar weakened, drawing investors to commodities.
Brent Crude Oil Set for 2nd Weekly Decline, Shrinks Premium to WTI
Oil – Bloomberg reported that Brent crude is set for a second weekly drop, shrinking its premium to West Texas Intermediate to the lowest level in eight months on concerns that Europe’s efforts to resolve the Cyprus banking crisis will hurt economic growth.
US Energy Cuts 2013 Oil Projection to $91.92
Oil – Bloomberg reported that the United States Energy Information Administration lowered its crude oil price projections for this year. West Texas Intermediate will average $91.92/barrel, which is 1% lower than its February estimate.
WTI Oil Falls Most in Three Months
Oil – Bloomberg reported that West Texas Intermediate fell 2.3 percent, to $93.92 a barrel — the most in three months — on rumors that a commodity fund is selling positions.
West Texas Climbs to Highest Level in Week as OPEC Increases Demand Forecast
Oil – Bloomberg reported that West Texas Intermediate futures rose to 0.5% in New York to one-week high as OPEC raised its demand forecast.
The Commodity Investor: Will Brent be the Best-performing Commodity in 2013?
The Commodity Investor believes that Brent crude may end up being 2013's top-performing commodity. Here's why.
Oil Supply Concerns Trump Sagging Demand
Oil – Supply concerns dogging major producers have kept both Brent crude and WTI above $100 per barrel to begin the year.
2012 Oil Market Outlook
Oil – Iran’s saber-rattling in the Persian Gulf kicks off what could be a volatile year for oil markets.
Oil Market Trends 2011
Oil – WTI-Brent crude price spread the story of 2011 for oil.
